Dopex Rebrands to Stryke with New Token $SYK
Dopex Rebrands to Stryke with New Token $SYK
Dopex has rebranded to Stryke, introducing a new token $SYK to unify the protocol value. Old products like SSOVs and $rDPX V2 Bonding will be sunset. Conversion ratios include 1 $DPX = 100 $SYK and 1 $rDPX = 13.333 $SYK. The new $SYK token will have a total supply of 100M. Dopex aims for cross-chain utility and introduces a Reward Gauge System. The fee breakdown allocates 80% to $xSYK holders, 10% to the Insurance Fund, and 10% to Protocol Treasury. $SYK and $xSYK are currently under audit.
Dopex has officially rebranded to Stryke. This is a monumental shift for the protocol as well as the new token $SYK. Let's dive in. Needless to say, the dual token model was no longer working. Despite the success of CLAMM, the old tokens were holding back the protocol. Just
Stryke Rebranding Announcement
On April 8th, 2024, the decentralized options exchange formerly known as [previous name] officially rebranded to Stryke. The platform allows users to hedge Bitcoin, Ethereum, Arbitrum, and other cryptocurrencies through decentralized options trading. The company's new Twitter handle is @stryke_xyz, which users should follow for official updates and announcements.
Synthetix Launches New Token Migration
Synthetix, a decentralized options exchange platform, has announced the launch of a new token called SYK. Users are encouraged to visit the provided website to begin migrating their existing DPX and rDPX tokens to the new SYK and xSYK tokens. Further details regarding the migration process can be found on the website.
Dopex Options Protocol Rebranding and Evolving
Dopex, one of the leading decentralized options protocols, is undergoing a rebranding and evolution process. The reasons behind this move are yet to be revealed. An interview with Bosslmp75 of Dopex has been conducted to provide insights into the changes and the rationale for this decision, which is expected to impact Arbitrum's top options protocol.
Dopex Introduces 'Wide-range Strategy' to Mitigate Market Volatility
Dopex, a decentralized options exchange, has announced the introduction of a 'Wide-range Strategy' aimed at reducing losses from price fluctuations. This move comes in response to the upcoming end of the STIP reward period and recent market volatility. The new strategy will be implemented starting with tomorrow's rebalance on the Stryke Vault, without requiring any migration from users. Dopex allows users to hedge their positions in cryptocurrencies such as Bitcoin, Ethereum, and Arbitrum.
AMA with PerfectSwap.io and 0xOrangeFinance Now Live
PerfectSwap.io, a decentralized options exchange, and 0xOrangeFinance, a platform for hedging cryptocurrency assets like Bitcoin, Ethereum, and Arbitrum, are currently hosting a live Ask Me Anything (AMA) session. This event provides an opportunity for the community to engage directly with representatives from these projects and ask questions or seek clarification on their offerings and future plans.